SK Hynix, Stock Price +1.59% at This Hour... Foreign Investors Net Buy 3,545,373 Shares in Last 5 Days

Published 13 Nov.2020 09:31(KST)

As of 9:30 AM on the 13th, SK Hynix is trading at 89,500 KRW, up 1.59% from the previous day. The trading volume is 1,016,238 shares, which is about 26.96% of the previous day's volume. SK Hynix is known as a global memory semiconductor manufacturing company.

On November 12, Kim Sun-woo, a researcher at Meritz Securities, stated, "Although there is some resistance from data center customers to price increases, considering supply restrictions by leading companies and inventory depletion, it is expected to be only a slight adjustment period in the mid to short term. The company's DRAM production BG is also highly likely to significantly underperform the market. Especially if mobile demand recovery is observed, a 'prisoner's dilemma' among server companies is expected to unfold. The earnings presentation by Micron scheduled for January 7 is likely to act as a catalyst." He set SK Hynix's target price at 110,000 KRW.

Over the past five days, individual investors have net sold 2,831,580 shares of SK Hynix, while foreigners and institutions have net bought 3,545,373 shares and net sold 687,633 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.